Health Care Co-ops Floundering

[somarco]

"The co-ops aren’t dying only because they were hastily constructed, or poorly managed. Their disaster is far more willful and deliberate. They meant to lose money."

Obamacare's Co-Ops: A Bigger Scandal Than Solyndra? - Forbes

InsureBlog: Co-Ops circling the drain?

 

[kgmom219]

Their demise will only increase the Blues marketshare....

Sigh.

 

[unic.consulting]

The fact that the government cut off their funding a year into the venture might have something to do with it.

 

[Yagents]

That's right.............more money solves the problem. Always does.

 

[unic.consulting]

Not more money, but if I were to base my business off of a certain amount of money coming in, and then be told, "sorry, we're not giving you any", it might cause me some hardships too.

 

[taterpeeler]

Not more money, but if I were to base my business off of a certain amount of money coming in, and then be told, "sorry, we're not giving you any", it might cause me some hardships too.

hmm... kinda like Assurant health

 

[healther]

Outside of CoOpportunity what data is there to show they are failing?

 

[TN_agent]

If I make $1,000 a month and my expenses are $2,000, with $10,000 in the bank, what proof is there that I can't pay my bills?

Right now, there isn't any. But things are looking pretty bad for a few months from now unless I get revenue up and expenses down. Reserves only last so long.

 

[AllenChicago]

Outside of CoOpportunity what data is there to show they are failing?

Here's the latest available. http://www.insurance-forums.net/for...t-working-your-state-t70977-4.html#post960537

Naturally, the Co-ops aren't going to inform the news media or public if they're in trouble. Nor do they file regular financial reports, even though they're supposed to be "Member Owned". The State of Iowa didn't know about Cooportunity's problems until things got so bad that Cooportunity leadership started panicking back in December 2014.

 

[healther]

Here's the latest available. http://www.insurance-forums.net/for...t-working-your-state-t70977-4.html#post960537

Naturally, the Co-ops aren't going to inform the news media or public if they're in trouble. Nor do they file regular financial reports, even though they're supposed to be "Member Owned". The State of Iowa didn't know about Cooportunity's problems until things got so bad that Cooportunity leadership started panicking back in December 2014.

Thank you, I actually started calling the Tennessee line for broker support with our state plan, they are sisters... no wonder they were answering so quickly.